SK hynix widens quarterly losses

The traffic signal turns red in front of the headquarters of SK hynix Inc. in Icheon, south of Seoul, on April 26, 2023. The world's second-largest memory chip maker said it logged losses for the second consecutive quarter, as a worsening macroeconomic climate dented demand for semiconductors used in PCs and other digital products, and a continued chip glut wiped out profits, with its operating losses amounting to 3.4 trillion won (US$2.5 billion) in the first quarter, compared with a profit of 2.86 trillion won a year ago. (Yonhap)

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